On May 29, SteelOrbis reported Chinese import met coke (64-65 percent CSR) offers to India up at $355-365/mt CFR. Sources inform SteelOrbis that ex-China sellers are offering met coke at $350/mt FOB or approximately $365-370/mt CFR.
The increase in price is attributed to restrictions on coke production in China on environmental policies as well as robust demand within the Chinese domestic market. A source reports effective deals earlier in May at $315-330/mt FOB but reports that with higher prices buyers have moved to the sidelines as import price offers are "higher than domestic alternatives and on market uncertainty that may influence prices to soften on short notice.”